What are the worst areas in the UK for Negative Equity
What Areas in the UK Are the Worst for Negative Equity?
According to this recent article in the Mirror the areas in the UK with the biggest drop in house prices are:
- Harrow, Greater London, down 3.6%
- Enfield, Greater London, down 3.5%
- Pinner, Greater London, down 1.7%
- Bognor Regis, South East, down 1.1%
- Worcester Park, Greater London, down 1.1%
- Farnham, South East, down 0.7%
- Oxford, South East, down 0.4%
- Banbury, South East, down 0.3%
- Bexleyheath, Greater London, down 0.1%
- Gillingham (Kent), South East, up 0.3%
Since 2013 we have helped thousands of clients all over the UK move on with their negative equity situation. The majority of people think that they can hold out and hopefully house prices are going to improve enough to bring them back to positive equity. A lot of areas in the UK have not recovered from the 2007/08 market prices.
Circumstances can change and if you think you are stuck with your negative equity property then see what Negative Equity UK can do for you today. Our specialist advisers will go through your individual situation and only if we think you have a genuine possibility of success you will be offer our extensive case review service.
One of the following options may be available to you:
- Mortgage re-negotiation
- Negative equity settlement
- Property debt IVA
- Bankruptcy
What is the next step?
If your personal circumstances mean you can’t just sit and wait for your negative equity situation to improve, it’s time to get in touch with an FCA regulated specialist. Negative Equity UK We are part of the CD Fairfield group and advise and represent UK property owners in relation to mortgage debt every day. Whether you need to re-negotiate with your lender or sell your negative equity property we have all of the options under one roof.
Speak to an adviser; you’ll find us approachable, knowledgeable and helpful.
We have completed reviews for over 3000 property owners with negative equity challenges and have negotiated over £126 million of property debt settlements. If you need negative equity help, give us a call on 0161 660 4403.
